You might also like
Booking Holdings Inc. is a leading provider of online travel and related services, operating primarily through its five consumer-facing brands: Booking.com, Priceline, Agoda, KAYAK, and OpenTable. The company offers a wide range of services, including accommodation reservations, flights, rental cars, restaurant reservations, and vacation packages . Revenue is primarily generated from online travel reservation services, categorized into merchant and agency revenues, with a significant portion coming from Booking.com's accommodation reservations . In 2023, the company reported significant milestones, including over 1 billion room nights booked and record gross bookings .
- Accommodation Reservations - Facilitates online booking of accommodations, primarily through Booking.com, contributing significantly to both merchant and agency revenues.
- Flights - Offers online flight booking services through its brands, providing travelers with a range of options for air travel.
- Rental Cars - Provides rental car booking services, allowing customers to reserve vehicles for their travel needs.
- Restaurant Reservations - Operates through OpenTable, offering restaurant reservation and management services.
- Vacation Packages - Combines various travel services into packages, offering convenience and value to travelers.
- Advertising and Referral Services - Generates revenue through KAYAK's referral and advertising services, enhancing visibility for travel-related businesses.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Glenn D. Fogel ExecutiveBoard | Chief Executive Officer and President | None | Glenn D. Fogel has been CEO and President of BKNG since January 2017. He also became CEO of Booking.com in June 2019. He joined BKNG in February 2000 and has held various leadership roles, including EVP of Corporate Development. | View Report → |
Ewout L. Steenbergen Executive | Chief Financial Officer | Chair of the Board of Directors of UNICEF USA | Ewout Steenbergen joined BKNG as CFO on March 15, 2024. Previously, he was EVP and CFO at S&P Global and held leadership roles at Voya Financial and ING Group. He has extensive experience in finance and technology. | |
Paulo Pisano Executive | Chief Human Resources Officer | None | Paulo Pisano has been CHRO at BKNG since August 2021. He previously served as Chief People Officer at Galp and held senior HR roles at Pearson and Barclays. | |
Peter J. Millones Executive | EVP and General Counsel | None | Peter J. Millones has been General Counsel since January 2001 and EVP since April 2003. He previously served as VP and Associate General Counsel and worked at Latham & Watkins LLP before joining BKNG. | |
Charles H. Noski Board | Director | Director at Hewlett Packard Enterprise and MIO Partners, Inc. | Charles H. Noski has been a director at BKNG since 2015. He is a financial expert with extensive experience in corporate governance and has held leadership roles at Bank of America, Northrop Grumman, and AT&T. | |
Kelly Grier Board | Director | Director at Illinois Tool Works Inc. and CDW Corporation | Kelly Grier joined BKNG's board in November 2023. She is a senior advisor to Permira Advisors and serves on the boards of ITW and CDW, among others. | |
Larry Quinlan Board | Director | Director at ServiceNow and Jones Lang LaSalle | Larry Quinlan joined BKNG's board in October 2022. He is the former Global CIO of Deloitte and serves on the boards of ServiceNow and JLL. | |
Lynn Vojvodich Radakovich Board | Director | Director at Dell Technologies, Ford Motor Company, and Figma | Lynn Vojvodich Radakovich has been a director at BKNG since 2016. She is an advisor to tech companies and has held executive roles at Salesforce and Andreessen Horowitz. | |
Mirian M. Graddick-Weir Board | Director | Director at Yum! Brands, Inc. | Mirian M. Graddick-Weir has been a director at BKNG since 2018. She has extensive HR leadership experience, having served as EVP of HR at Merck and SVP of HR at AT&T. | |
Nicholas J. Read Board | Director | Executive Chairman of EXA Infrastructure; Senior Advisor to Global Infrastructure Partners; Board Member at Radius Global Infrastructure | Nicholas J. Read has been a director at BKNG since 2018. He is the former CEO of Vodafone Group and has extensive experience in global business and finance. | |
Robert J. Mylod Jr. Board | Chair of the Board of Directors | Managing Partner of Annox Capital Management; Board Member at Vroom and Freightos | Robert J. Mylod Jr. has been Chair of the Board since June 2020. He previously served as CFO and Vice Chair at BKNG and has extensive experience in finance and strategy. | |
Sumit Singh Board | Director | CEO and Director at Chewy, Inc. | Sumit Singh has been a director at BKNG since 2022. He is the CEO of Chewy, Inc. and previously held leadership roles at Amazon and Dell. | |
Thomas E. Rothman Board | Director | Chairman and CEO of Sony Pictures Entertainment Motion Picture Group | Thomas E. Rothman has been a director at BKNG since 2013. He is a media executive and currently serves as Chairman and CEO of Sony Pictures Entertainment Motion Picture Group. | |
Wei Hopeman Board | Director | Managing Partner of Arbor Ventures | Wei Hopeman has been a director at BKNG since 2019. She is a venture capital expert and co-founder of Arbor Ventures, focusing on fintech investments. |
- With growth in the U.S. market described as low single digits and feedback from property managers indicating your platform is more complex than competitors', what specific actions are you taking to simplify your platform for property managers and accelerate growth in the U.S. market?
- As alternative accommodations grow 14% in Q3, how are you ensuring that this growth is truly incremental rather than cannibalizing hotel bookings, and what strategies are you implementing to attract new customer cohorts specifically seeking alternative accommodations?
- Given that social media marketing investments are still a relatively small part of your budget and scaling ROI has been challenging in the past, what strategies are you now employing to sustainably scale your social media marketing efforts while maintaining or improving ROI?
- While you've identified opportunities for operating leverage through managing fixed expenses and leveraging AI, you also mention the need to reinvest in growth initiatives; how do you plan to balance these priorities, and should we expect fixed OpEx to grow slower than revenue over the long term to drive margin expansion?
- Regarding the $365 million accrual related to potential settlement of Italian indirect tax matters, can you provide more details on the issue, its potential impact on future earnings, and how you're addressing regulatory risks to prevent significant unexpected expenses moving forward?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Competes directly with the accommodations businesses, particularly in the market for alternative accommodations. | |
Vrbo | Owned by Expedia, competes directly with the accommodations businesses, particularly in the market for alternative accommodations. |
Leverages its general search business to compete with Kayak by showing its own meta-search results at the top of its organic search results, and offers its meta-search services free to travel service providers. Its online travel offerings have grown rapidly by linking travel search services to its dominant search functionality through flight, hotel, and alternative accommodations meta-search products, and by integrating such products into its Google Maps app. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Getaroom | 2021 | Booking Holdings acquired Getaroom for approximately $1.2 billion with the deal announced in November 2021 and completed in December 2021. This strategic acquisition was designed to bolster Booking’s B2B travel distribution by integrating Getaroom’s technology and sales solutions into Priceline’s Strategic Partnerships business unit, led by Getaroom’s CEO Matt Davis, thereby enhancing its service offering and U.S. market presence. |
No recent press releases or 8-K filings found for BKNG.